Major Catastrophe
Well-Known Member
Just announced that they have another fifty years worth of oil (30 billion barrels) in the north Sea. In fact, there is more there than has so far been extracted.
More oil found
- Thread starter Major Catastrophe
- Start date
GandalfLoJ
Well-Known Member
yup, looking good. Though no doubt the vulchers in power will still find some excuse to not reduce taxes.
Telegraph article
Telegraph article
halcyon
Well-Known Member
Can some explain why we as a nation have oil, why we as the populaion buy diesel / petrol at the global oil rate ?
Has the cost of grude gone up again ? note that diesel went up another 2p last week, and another 2p, this week at the pump. If you add the Mylor Yacht harbour price increase, would make virtually £1.60 a litre, and we thought £1.50 was crazy a few weeks back.
Brian
Has the cost of grude gone up again ? note that diesel went up another 2p last week, and another 2p, this week at the pump. If you add the Mylor Yacht harbour price increase, would make virtually £1.60 a litre, and we thought £1.50 was crazy a few weeks back.
Brian
Lawsy
Well-Known Member
NeilO, nor the oil companies reduce their obscene profits either, eh?
Dave_Snelson
Well-Known Member
There always was - it was just waiting for the right price to extract it.
GandalfLoJ
Well-Known Member
[ QUOTE ]
NeilO, nor the oil companies reduce their obscene profits either, eh?
[/ QUOTE ]
well I guess, though I have no problems with companies making a profit, but obscene profits are only good if it's your company /forums/images/graemlins/tongue.gif
NeilO, nor the oil companies reduce their obscene profits either, eh?
[/ QUOTE ]
well I guess, though I have no problems with companies making a profit, but obscene profits are only good if it's your company /forums/images/graemlins/tongue.gif
Talbot
Well-Known Member
Perhaps the prats in power can follow the Norwegian example and invest the oil revenue so that when the oil runs out, they will still have the same financial position.
NAH never happen - its a far too sensible course of action
NAH never happen - its a far too sensible course of action
D
Deleted User YDKXO
Guest
Jeez, some people still swallow the propaganda hook line and sinker. For the record and once a bloody again, its HM govt which takes in excess of 60% of the price of fuel on the forecourt. HM Govt has benefited to the tune of £1billion of extra VAT from recent price rises alone. Yes oil companies make huge profits but they are huge businesses (larger than many countries' GDP) and they take huge risks prospecting for the stuff. Without the oil companies, you'd still be riding a horse
Nope, I have'nt got shares in any oil companies
Nope, I have'nt got shares in any oil companies
leadersail
Well-Known Member
Where abouts in the North sea ?
Do we have to be British and suck up to the Jocks even longer or can we be English and get shut of the @@@@@@@@ sheep shaggers to boot /forums/images/graemlins/grin.gif
Do we have to be British and suck up to the Jocks even longer or can we be English and get shut of the @@@@@@@@ sheep shaggers to boot /forums/images/graemlins/grin.gif
Ballistix
Well-Known Member
LOL, ever thought of entering politics leadersail? Crude was at 120 a tin yesterday ..but of course pump prices never go down...people are starting to take action..mass distruption in this case is probably the only way to make politicians listen.
rogerthebodger
Well-Known Member
South Africa makes most of its fuel from local coal and the same question keeps being asked and the answer we get given is that the fuel produced couls be sold on the international market so we must pay the same.
Now if your oil companies make huge profit with the oil price so high just think what profit SASOL make when there input cast is based on local coal.
Now if your oil companies make huge profit with the oil price so high just think what profit SASOL make when there input cast is based on local coal.
Nick_H
Well-Known Member
It always amuses me when people target the oil companies to protest about, for a problem caused by HMRC, OPEC and the city.
Lawsy
Well-Known Member
That's coz it's the oil companies that are making the obscene profits!!!
Major Catastrophe
Well-Known Member
[ QUOTE ]
That's coz it's the oil companies that are making the obscene profits!!!
[/ QUOTE ] They are not. They are making good profits that match the size of their businesses.
That's coz it's the oil companies that are making the obscene profits!!!
[/ QUOTE ] They are not. They are making good profits that match the size of their businesses.
Nick_H
Well-Known Member
Well they are making obscene profits, but they're not setting the prices ('cept a few pence retail margin on which they make very little profit). That's been done by HMRC for the tax element, OPEC for the oil element, and futures traders for the speculative element.
halcyon
Well-Known Member
[ QUOTE ]
LOL, ever thought of entering politics leadersail? Crude was at 120 a tin yesterday
[/ QUOTE ]
So why is diesel at the pumps 6 - 8p more a litre now, than when it was 135 a barrel, as it comes down prices go up.
If someone can explain I can apply to our prices.
Brian
LOL, ever thought of entering politics leadersail? Crude was at 120 a tin yesterday
[/ QUOTE ]
So why is diesel at the pumps 6 - 8p more a litre now, than when it was 135 a barrel, as it comes down prices go up.
If someone can explain I can apply to our prices.
Brian
D
Deleted User YDKXO
Guest
I guess that's quite easy to answer because oil is not instantly converted into petrol or diesel so there's a time lag before the 'cheaper' oil hits the forecourts in the same way as there was a bit of lag between the oil price shooting up and the forecourt prices rising
jhr
Well-Known Member
[ QUOTE ]
there's a time lag before the 'cheaper' oil hits the forecourts in the same way as there was a bit of lag between the oil price shooting up and the forecourt prices rising
[/ QUOTE ] Just so. Nevertheless, it always seems to me as if the time lag between increased prices hitting the wholesale market and reaching the forecourt is considerably shorter than that when the opposite happens? /forums/images/graemlins/grin.gif
there's a time lag before the 'cheaper' oil hits the forecourts in the same way as there was a bit of lag between the oil price shooting up and the forecourt prices rising
[/ QUOTE ] Just so. Nevertheless, it always seems to me as if the time lag between increased prices hitting the wholesale market and reaching the forecourt is considerably shorter than that when the opposite happens? /forums/images/graemlins/grin.gif
D
Deleted User YDKXO
Guest
[ QUOTE ]
Just so. Nevertheless, it always seems to me as if the time lag between increased prices hitting the wholesale market and reaching the forecourt is considerably shorter than that when the opposite happens?
[/ QUOTE ]
Of course, I'd do just the same if I was running the oil company /forums/images/graemlins/grin.gif
Just so. Nevertheless, it always seems to me as if the time lag between increased prices hitting the wholesale market and reaching the forecourt is considerably shorter than that when the opposite happens?
[/ QUOTE ]
Of course, I'd do just the same if I was running the oil company /forums/images/graemlins/grin.gif
jhr
Well-Known Member
Me too. /forums/images/graemlins/grin.gif
